BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Another AIG woe: $600 million pension contribution


American International Group Inc., New York, expects to contribute about $600 million combined to its U.S. and worldwide pension plans in 2009, according to its annual report filed Monday with the SEC.

AIG contributed a combined $174 million to its U.S. and non-U.S. pension plans in 2008.

The fair value of the non-U.S. plans' assets fell 20% in 2008 to $765 million, while the U.S. plans' assets fell 13% to $2.7 billion.

The asset allocation for the U.S. plans as of Dec. 31 was 46% bonds, 31% equities, 18% other and 5% cash, while the allocation for non-U.S. plans was 39% equities, 32% bonds, 20% other, 6% real estate and 3% cash.

This story was originally published by Pensions & Investments, sister publication of Business Insurance.